President Donald Trump’s meeting with Chinese President Xi Jinping at this weekend’s G-20 summit will be a defining moment for the U.S. economy and the stock market, so investors have to be prepared, CNBC’s Jim Cramer said Friday. Leaders of the world’s top 20 economically developed nations, known collectively as […]
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Microsoft has better fundamentals, but buy Apple, says tech investor
Microsoft may have replaced Apple as the most valuable U.S. company, but don’t count Apple out, investor Nancy Tengler told CNBC on Friday. “Clearly the fundamentals are better for Microsoft in terms of which space they’re in — the cloud space, the growth they’re experiencing — but I’m not willing […]
Cramer’s game plan: A week defined by trade talks and employment
Trade talks and the latest data on U.S. employment will color the week ahead for the stock market, CNBC’s Jim Cramer said Friday as stocks rallied on high hopes for a U.S.-China trade deal at the weekend’s G-20 summit. President Donald Trump is planning to meet with Chinese President Xi […]
United inks deal with Avianca, Copa to expand footprint in Latin America
United Continental Holdings has reached a long-sought after deal with two major Latin American airlines allowing the third-largest carrier in the U.S. to expand in the region. The agreement, which United announced on Friday, will allow United Airlines, Panama’s Copa Holdings and Colombia-based Avianca Holdings to share revenue from flights […]
Juul said it wasn’t Big Tobacco. Now it’s considering money from the maker of Marlboro
Juul has prided itself on its independence from Big Tobacco. It may not be able to much longer. The e-cigarette maker is in talks to sell a stake of the company to Altria, a person familiar with the matter tells CNBC. Earlier this fall, Juul paused efforts to raise money […]
The other big Trump-Putin story: Nuclear treaty hangs in the balance as Russia-US tensions rise
WASHINGTON — As U.S. President Donald Trump and Russian President Vladimir Putin tease on whether or not they will meet at the annual G-20 summit, a crucial nuclear weapons treaty between the world’s two greatest nuclear powers hangs in the balance. Last month, Trump announced his decision to withdraw from […]
Bitcoin crashes 37 percent in November, wiping $70 billion off of cryptocurrencies’ market value
November will be a month to remember for bitcoin investors. The world’s largest cryptocurrency ended November down 37 percent, its worst drop since April 2011 when the cryptocurrency fell about 39 percent, according to data from CoinDesk. Bitcoin hit a low of $3,878.66 Friday after starting November above the $6,300 […]
GE is a buy but with a ‘strong stomach,’ says Wall Street’s ‘dean of valuation’
Shares of General Electric are a buy that “requires a strong stomach” as trouble continues to mount for the company, Wall Street’s “dean of valuation,” Aswath Damodaran, told CNBC on Friday. “I own the stock, but I’ve got to tell you GE Capital is an anchor dragging this stock down” […]
Behind Coinbase’s quiet roll-out of OTC crypto trading this month
Coinbase rolled out an over-the-counter cryptocurrency trading desk earlier this month, but until now has been hesitant to openly discuss its ambitions. The widely followed startup, recently valued at $8 billion, wanted to test interest in the product from professional traders first, and work out the kinks quietly. “We wanted […]
Blowout earnings from Salesforce, Workday revive cloud rally and shake off concerns about economy
Two weeks ago, cloud euphoria appeared to have come to an end. The broad market sell-off, stemming from concerns about the global economy, was having an outsized impact on stocks that had enjoyed the biggest rallies over the prior 12 months. Salesforce fell to its lowest since April. Those concerns […]